Peter Thiel, whose Clarium Capital Management LLC lost 90 percent of assets from its peak until the end of last year, plans to invest the global macro hedge fund in what made him a billionaire: private technology ventures.
Peter Thiel’s decision to sell almost all of his stake in Facebook Inc. so soon after the company’s initial public offering has few precedents in Silicon Valley, where venture capitalists typically hold shares longer.
Peter Thiel, the billionaire venture capitalist and PayPal Inc. co-founder who has encouraged would-be entrepreneurs to drop out of college, will teach a lecture course at Stanford University on startups.
Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit.